OGE Energy Corporation (OGE) Holdings Cut by Investment Centers of America Inc.

Investment Centers of America Inc. decreased its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,324 shares of the utilities provider’s stock after selling 5 shares during the quarter. Investment Centers of America Inc.’s holdings in OGE Energy Corporation were worth $255,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of OGE Energy Corporation by 133.9% in the first quarter. Russell Investments Group Ltd. now owns 63,413 shares of the utilities provider’s stock valued at $2,218,000 after buying an additional 36,305 shares in the last quarter. American Century Companies Inc. grew its stake in shares of OGE Energy Corporation by 174.9% in the first quarter. American Century Companies Inc. now owns 122,344 shares of the utilities provider’s stock valued at $4,280,000 after buying an additional 77,842 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of OGE Energy Corporation by 2.8% in the first quarter. Suntrust Banks Inc. now owns 10,883 shares of the utilities provider’s stock valued at $379,000 after buying an additional 299 shares in the last quarter. World Asset Management Inc grew its stake in shares of OGE Energy Corporation by 1.6% in the first quarter. World Asset Management Inc now owns 13,719 shares of the utilities provider’s stock valued at $480,000 after buying an additional 215 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of OGE Energy Corporation by 12.5% in the first quarter. UBS Asset Management Americas Inc. now owns 582,714 shares of the utilities provider’s stock valued at $20,383,000 after buying an additional 64,583 shares in the last quarter. 62.54% of the stock is owned by institutional investors.

OGE has been the subject of a number of research reports. BidaskClub raised OGE Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price objective on shares of OGE Energy Corporation in a research note on Friday, July 21st. KeyCorp reaffirmed a “hold” rating on shares of OGE Energy Corporation in a research note on Friday, September 1st. Evercore ISI initiated coverage on OGE Energy Corporation in a research note on Monday, July 24th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, Zacks Investment Research cut OGE Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.17.

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Shares of OGE Energy Corporation (OGE) opened at 36.25 on Wednesday. The stock has a 50 day moving average price of $35.97 and a 200-day moving average price of $35.38. OGE Energy Corporation has a 52 week low of $29.57 and a 52 week high of $37.41. The firm has a market capitalization of $7.24 billion, a PE ratio of 18.98 and a beta of 0.88.

OGE Energy Corporation (NYSE:OGE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The business had revenue of $586.40 million during the quarter, compared to analysts’ expectations of $563.00 million. During the same period in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts anticipate that OGE Energy Corporation will post $1.97 earnings per share for the current year.

In other OGE Energy Corporation news, insider H Scott Forbes sold 4,670 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.19, for a total value of $169,007.30. Following the completion of the sale, the insider now directly owns 18,311 shares in the company, valued at approximately $662,675.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Luke R. Corbett sold 1,250 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

OGE Energy Corporation Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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